Greek Finance Minister Giorgos Papakonstantinou didn’t rule out the possibility of additional measures on both expenditure and revenue in order to cover the gap in budget execution.
In a briefing on the results of Eurogroup’s meeting, Papakonstantinou tried to justify the failure of 2011 budget, admitting the revenue shortfall in the Jan-Feb period, but stated that it is offset by the corresponding spending cuts.
However, if the problem persists, the Greek government should adopt the €1.7bn measures.
Asked about the Hellenic Telecommunications Organization (OTE), Papakonstantinou neither confirmed nor ruled out a further sale of state’s stake, but added that he is in constant talks with Deutsche Telekom.
Regarding to utilization of state property, the Finance Minister said that property worth €8bn has been found in the portfolios of non-listed state enterprises, while the privatization program will be discussed on Wednesday.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
